Norden acquires MR tanker from Empire Navigation

According to broking sources, the 50,000dwt
Kirstin has been sold to Norden for $19.25m. In May, It was reported that the vessel was sold to UK’s Union Maritime for $18.7m. Sources said Union Maritime walked away from the deal, giving Norden the opportunity to fetch the eight-year-old vessel.

The vessel is Norden’s first purchase this year and increases the company’s fleet to 19 vessels.

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.